← Vipshop Holdings Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $6.3b | $8.2b | $7.8b | $7.4b | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | $6.3b | $8.1b | $7.7b | $1.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $293.4m | $299.7m | $309.6m | $577.0m | $905.3m | $734.6m | $913.2m | $1.1b | $1.1b | $7.2b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $287.0m | $290.9m | $310.3m | $572.6m | $907.2m | $736.4m | $915.1m | $1.2b | $1.1b | $1.1b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($6.3m) | ($8.8m) | $681k | ($4.4m) | $1.9m | $1.9m | $1.9m | $11.9m | $13.6m | $23.9m | |
| Amortization of Debt Issuance Costs | $5.2m | $914k | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $52.4m | $52.4m | $7.0m | $2.3m | $5.6m | $1.9m | $472k | $532k | $518k | $540k | |
| Depreciation | $88.0m | $110.8m | $112.0m | $119.3m | $148.7m | $172.1m | $178.5m | $183.0m | $194.3m | $218.3m | |
| Amortization Cash Flow | — | — | — | — | — | — | $182.1m | $221.1m | $273.8m | $282.4m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $182.1m | $221.1m | $273.8m | $282.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $1.4b | $1.5b | $1.7b | $1.8b | |
| Deferred Income Tax | — | — | — | — | — | — | $50.3m | $115.5m | $95.4m | ($152.6m) | |
| Deferred Tax | — | — | — | — | — | — | $50.3m | $115.5m | $95.4m | ($152.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $68.5m | $102.5m | $97.6m | $98.8m | $145.8m | $158.5m | $175.1m | $212.7m | $210.7m | $247.5m | |
| Share-based Payment Arrangement, Expense | $475.7m | $667.1m | $671.2m | $688.1m | $951.0m | $1.0b | $1.2b | $1.5b | $1.5b | $1.7b | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $0 | $0 | $0 | $43.2m | $35.8m | $0 | $0 | — | $0 | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $0 | $44.0m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $40.0m | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $135.7m | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $463.9m | ($505.8m) | ($251.2m) | ($88.7m) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | $8.5m | $27.9m | — | $8.8m | $0 | $44.2m | — | $0 | $37k | |
| Gain (Loss) on Disposition of Business | — | — | — | ($1.6m) | $7.5m | $29.7m | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1.5m) | $641k | ($111k) | ($2.1m) | ($1.2m) | ($893k) | ($5.0m) | ($741k) | $517k | ($923k) | |
| Income (Loss) from Equity Method Investments | ($10.3m) | ($3.4m) | ($6.8m) | $3.9m | $4.6m | $6.6m | ($951k) | $11.3m | $22.9m | $42.0m | |
| Income Tax Expense (Benefit) | $86.7m | $96.2m | $82.4m | $141.3m | $173.2m | $191.9m | $255.0m | $262.8m | $317.2m | $257.2m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $6.6m | ($80.3m) | ($167.0m) | ($293.9m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $281.1m | $408.2m | $9.4m | ($598.3m) | ($151.4m) | $13.8m | $14.4m | $28.1m | $17.3m | ($2.1m) | |
| Increase (Decrease) in Inventories | $98.7m | $344.3m | ($42.4m) | $377.2m | $80.8m | ($144.0m) | ($211.0m) | ($84.7m) | ($129.4m) | $3.6m | |
| Increase (Decrease) in Accounts Payable | $223.7m | $494.5m | ($20.5m) | $241.5m | — | — | — | — | — | — | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $9.6m | $20.1m | $25.5m | $33.0m | ($1.4m) | ($2.7m) | $10.2m | $4.0m | $6.1m | $13.1m | |
| Proceeds from Stock Options Exercised | $829k | $917k | $574k | $43k | $137k | $65.9m | $0 | — | $34k | $192k | |
| Accrued capital expenditures | $283.4m | $337.8m | $366.5m | $474.5m | $342.9m | $428.8m | $352.4m | $305.2m | $373.1m | $284.0m | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $23.8m | $44.9m | ($10.1m) | $34.3m | $1.4m | $18.5m | $15.6m | |
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | $2.5m | — | — | $32k | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | $105.2m | $24.0m | $150.3m | $13.4m | $79.2m | ($2.5m) | $20.3m | $20.7m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $7.4m | ($14.0m) | $10.3m | ($134k) | ($24.5m) | ($5.8m) | $99.7m | $22.9m | ($3.4m) | ($8.9m) | |
| General and Administrative Expense | $279.6m | $376.2m | $388.9m | $583.8m | $574.5m | $657.5m | $646.6m | $584.0m | $547.0m | $625.5m | |
| Goodwill | $52.9m | $56.4m | $53.4m | $34.0m | $91.0m | $92.5m | $109.5m | $106.4m | $103.5m | $108.0m | |
| Inventory Write-down | $43.7m | $31.8m | $64.1m | $49.9m | $85.0m | $5.5m | $18.9m | ($95.9m) | ($42.8m) | ($14.9m) | |
| Investment Income, Interest | $15.4m | $15.5m | $35.3m | $31.2m | $68.8m | $105.4m | $110.8m | $109.9m | $110.9m | $114.6m | |
| Nonoperating Income (Expense) | — | ($149.6m) | $326.0m | $169.4m | $1.2b | $290.9m | $1.9b | $882.9m | $814.2m | $778.7m | |
| Operating Expenses | $1.6b | $2.2b | $2.2b | $2.4b | $2.5b | $2.9b | $2.3b | $2.5b | $2.4b | $2.5b | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $12.3b | $13.4b | $15.6b | $18.4b | $15.0b | $15.9b | $14.9b | — | |
| Unrealized Gain (Loss) on Investments | — | — | $7.1m | $1.7m | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $17.2b | $23.1b | $26.3b | $27.0b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($5.6b) | ($6.1b) | ($5.0b) | ($1.9b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $1.0b | ($5.2b) | ($3.6b) | ($8.3b) | |
| Change In Account Payable | — | — | — | — | — | — | $983.0m | $2.6b | ($2.2b) | ($2.2b) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($248.5m) | $666.3m | ($356.3m) | ($216.3m) | |
| Change In Inventory | — | — | — | — | — | — | $1.5b | $601.4m | $944.7m | ($25.4m) | |
| Change In Other Current Assets | — | — | — | — | — | ($24.6m) | $8.9m | $0 | $0 | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($318.3m) | ($127.5m) | ($74.9m) | ($69.8m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($160.7m) | ($661k) | $351.1m | ($119.4m) | |
| Change In Payable | — | — | — | — | — | — | $772.0m | $2.5b | ($2.2b) | ($2.2b) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $523.5m | $3.2b | ($2.5b) | ($2.4b) | |
| Change In Receivables | — | — | — | — | — | — | ($407.7m) | ($218.7m) | ($370.7m) | ($370.4m) | |
| Change In Working Capital | — | — | — | — | — | — | $1.1b | $3.4b | ($1.7b) | ($3.0b) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($99.3m) | ($199.9m) | ($126.2m) | $15.0m | |
| Changes In Cash | — | — | — | — | — | — | $6.0b | $3.1b | $593.9m | ($2.8b) | |
| End Cash Position | — | — | — | — | — | — | $23.1b | $26.3b | $27.0b | $24.1b | |
| Financing Cash Flow | — | — | — | — | — | — | ($5.6b) | ($6.1b) | ($5.0b) | ($1.9b) | |
| Free Cash Flow | — | — | — | — | — | — | $7.4b | $9.2b | $5.6b | $5.4b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($236.5m) | ($10.2m) | ($139.5m) | ($108.4m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($304.6m) | $0 | $0 | ($2.1m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $34.8m | $5.3m | ($3.8m) | $6.5m | |
| Investing Cash Flow | — | — | — | — | — | — | $1.0b | ($5.2b) | ($3.6b) | ($8.3b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($668.8m) | ($281.1m) | ($625.4m) | ($2.6b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($671.8m) | ($3.1b) | ($839.3m) | ($80.8m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($2.4b) | ($2.0b) | ($2.7b) | ($2.0b) | |
| Operating Gains Losses | — | — | — | — | — | — | ($499.7m) | ($85.3m) | ($310.3m) | ($398.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $251.8m | $81.1m | $4.2m | ($28.4m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $249k | $1.3m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $70.4m | $28.1m | $44.8m | $13.8m | |
| Purchase Of Business | — | — | — | — | — | — | ($671.2m) | ($282.5m) | ($625.4m) | ($2.6b) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($671.8m) | ($3.1b) | ($839.3m) | ($80.8m) | |
| Purchase Of PPE | $283.4m | $337.8m | $366.5m | $474.5m | $342.9m | $428.8m | ($2.4b) | ($2.2b) | ($2.7b) | ($2.0b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($6.3b) | ($5.1b) | ($3.9b) | ($4.9b) | |
| Sale Of Business | — | — | — | — | — | $600.5m | $2.4m | $1.4m | $0 | — | |
| Sale Of PPE | — | — | — | — | — | — | $42.8m | $199.0m | $20.5m | $14.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $1.2b | $1.5b | $1.5b | $1.7b | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | — | $151.0m | |
| Net Cash Provided by (Used in) Operating Activities | $407.8m | $150.8m | $835.7m | $1.8b | $1.8b | $1.1b | $1.5b | $2.0b | $1.3b | $1.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $283.4m | $337.8m | $366.5m | $474.5m | $342.9m | $428.8m | $352.4m | $305.2m | $373.1m | $284.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $15.3m | $723k | — | $394.9m | $87.3m | $23.4m | $56.2m | — | — | — | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | — | — | — | — | — | $307.2m | $0 | — | — | |
| Payments to Acquire Investments | — | — | $391.4m | $469.9m | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $3.9b | ($393.4m) | $138.3m | ($3.9b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($11.2b) | ($4.0b) | ($4.5b) | ($10.9b) | |
| Gain (Loss) on Sale of Investments | — | — | $27.9m | — | — | — | — | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $15.1b | $3.6b | $4.6b | $7.0b | |
| Payments for (Proceeds from) Other Investing Activities | — | $461k | $820k | ($48k) | ($7.1m) | $84.8m | $0 | ($22.0m) | ($573k) | $6.9m | |
| Net Other Investing Changes | — | — | — | — | — | — | $841.8m | $545.9m | $463.7m | $226.6m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($312.4m) | ($973.6m) | ($1.2b) | ($1.0b) | ($365.1m) | $152.1m | ($726.8m) | ($488.5m) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $4.7b | $2.2b | $6.6b | $13.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $4.7b | $2.2b | $6.6b | $13.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $541.0m | ($1.2b) | $973.1m | $3.4b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $541.0m | ($1.2b) | $973.1m | $3.4b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($4.1b) | ($3.4b) | ($5.6b) | ($9.8b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.1b) | ($3.4b) | ($5.6b) | ($9.8b) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($6.3b) | ($5.1b) | ($3.9b) | ($4.9b) | |
| Payments for Repurchase of Common Stock | $27.9m | — | — | — | — | $304.2m | $907.3m | $719.3m | $529.6m | $706.5m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | — | — | $257 | |
| Common Stock Payments | — | — | — | — | — | — | ($6.3b) | ($5.1b) | ($3.9b) | ($4.9b) | |
| Proceeds from Noncontrolling Interests | $199k | — | $145k | $15.5m | $18.8m | $72.4m | $26.9m | $40.2m | $22.0m | — | |
| Payments of Dividends | — | — | — | — | — | — | — | — | — | $257 | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | ($1.7b) | ($1.8b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | $0 | ($1.7b) | ($1.8b) | |
| Dividend Received CFO | — | — | — | — | — | — | $149.4m | $102.5m | $156.5m | $131.7m | |
| Proceeds from (Payments for) Other Financing Activities | — | ($192k) | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $143.3m | $173.3m | ($392.4m) | $1.4b | |
| Net Cash Provided by (Used in) Financing Activities | — | $1.1b | $85.4m | ($898.7m) | ($3.2m) | ($9.2m) | ($808.1m) | ($865.6m) | ($680.8m) | ($276.8m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | — | ($7.6m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($63.3m) | $85.8m | $63.3m | ($53.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $939.5m | ($26.7m) | ($333.1m) | $780.4m | $684.2m | $860.1m | $449.9m | $90.0m | ($404.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.6b | $1.5b | $1.1b | $2.0b | $2.7b | $3.3b | $3.7b | $3.7b | $3.4b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $5.9b | $3.2b | $657.1m | ($2.8b) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.3m | $12.7m | $23.2m | $12.4m | $10.3m | $2.2m | $3.2m | $3.7m | $7.9m | $10.2m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $1.6b | $1.8b | $2.2b | $349.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.